A. In case of elastic demand, total revenue declines with price increase
B. In case of unitary elastic demand, total revenue is unaffected by change in price
C. In inelastic demand, total revenue rised with price increase
D. All of the above
Answer: Option D
This Question Belongs to Management >> Managerial Economics
The emphasis of managerial economics is on
A. Bonus theory
B. Normative theory
C. System theory
D. Accounting theory
Which is not the subject of Managerial Economics?
A. Accounting Theory
B. Pricing Decision, Policies and Practices
C. Capital Management
D. Profit Management
Which is not covered under the scope of managerial economics?
A. Profit management
B. Accounting theory
C. Pricing policies
D. Production analysis
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